Where will you post cost of transporting goods, Debit or Credit account?

I have noticed a major challenge with small business owners, a lack of basic accounting knowledge to grow their businesses. Consequently, I am willing to teach basic accounting processes and invite experts to also explain complex accounting situations.

Note

1.The discussions will be tailored to helping SME's keep balanced financial reports and not intended to help pass exams.

2.Real life scenarios will be referenced for ease of understanding.

3. Microsoft excel platform will be our major tool for record keeping and sorting

4. As we progress, a whats app group may be created for personalized lessons.

So what are your accounting questions?


get an easy accounting template here https://mailchi.mp/7a731fef56c5/kobo

Debit or Credit?

Restaurants accounting templates

The good in liabilities. What are they?

Lots of sales does not necessarily translate to profit.

Ever wondered why ShopRite left Nigeria inspite of high sales on FMCG?

What exactly are LIABILITIES to small businesses?

Good or bad?

What are the charts of accounts for your business?

What is the difference between revenue and profit?

Who makes the best accountants, Males or Females?

What's the difference between accounting and bookkeeping?
get an easy accounting template here https://mailchi.mp/7a731fef56c5/kobo

Money borrowed and invested in a business is known as:

1. Loan
2. Equity
3. Operating Cost


get an easy accounting template here https://mailchi.mp/7a731fef56c5/kobo

Which accounts are affected ater paying Salaries.

1. Expenses
2. Capital
3. Accounts payable.

Which is most important in business?

1. Cash
2. Customers
3. Location

Mist100:
What exactly are LIABILITIES to small businesses?

Good or bad?

Bad

Mist100:
Which is most important in business?

1. Cash
2. Customers
3. Location

2. Customers

Mist100:
Which accounts are affected ater paying Salaries.

1. Expenses
2. Capital
3. Accounts payable.

3. Account payable

Mist100:
Money borrowed and invested in a business is known as:

1. Loan
2. Equity
3. Operating Cost

1. Loan

Following

Mist100:
Money borrowed and invested in a business is known as:

1. Loan
2. Equity
3. Operating Cost

@meetgaya. You are correct however EQUITY was the intended answer

meetgaya:


Bad



2. Customers



3. Account payable



1. Loan

@meetgaya. You are correct however EQUITY was the intended answer

Where is the best possible place to post interest from bank deposits?

1. Profit
2. Revenue
3. Cash

Why is revenue different from profit?

This exchange is crazy; N525 to $1

CBN how?

Hello people,

Does anyone have any experience with Facebook, Google and Nairaland ads?

#Debt Payment
===============
Can countries indebted to foreign countries simply print money and pay them off. How does it work?

#BabyAccountant.

get an easy accounting template here https://mailchi.mp/7a731fef56c5/kobo

Mist100:
Ever wondered why ShopRite left Nigeria inspite of high sales on FMCG?

I'm curious why please?

According to numerous business owners in Nigeria staffing is one the many challenges small business owners have followed by proper bookkeeping and accounting processes. What are your staffing challenges?

get an easy accounting template here https://mailchi.mp/7a731fef56c5/kobo

Mist100:
Where is the best possible place to post interest from bank deposits?

1. Profit
2. Revenue
3. Cash

Other income

famouscargo4u:


Other income

Dude are you serious?

[quote author=Mist100 post=104156835]Where is the best possible place to post interest from bank deposits?

1. Profit
2. Revenue
3. Cash


REVENUE

Mist100:
Where is the best possible place to post interest from bank deposits?

1. Profit
2. Revenue
3. Cash

Profit

[quote author=Bitsy post=104282258][/quote]

Lets see

Mist100:
Where will you post cost of transporting goods, Debit or Credit account?

I have noticed a major challenge with small business owners, a lack of basic accounting knowledge to grow their businesses. Consequently, I am willing to teach basic accounting processes and invite experts to also explain complex accounting situations.

Note
1.The discussions will be tailored to helping SME's keep balanced financial reports and not intended to help pass exams.

2.Real life scenarios will be referenced for ease of understanding.

3. Microsoft excel platform will be our major tool for record keeping and sorting

4. As we progress, a whats app group may be created for personalized lessons.

So what are your accounting questions?


get an easy accounting template here https://mailchi.mp/7a731fef56c5/kobo

I just come across this thread. Very interesting topic.

Op can you help with some basic bookkeeping knowledge?

dbelovd:




I just come across this thread. Very interesting topic.

Op can you help with some basic bookkeeping knowledge?

I will send you a simple Accounting ebook.

Drop your email